Wells Fargo & Co. – as the industry is quite aware – is a dominant force in both residential production and servicing, but it continues to tower above all competitors in the GNMA market.
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GE Capital is in the market with GE Capital Credit Card Master Note Trust Series 2012-2 worth approximately $563 million.
January 26 -
New York Attorney General Eric Schneiderman will reportedly chair President Barack Obama's new committee investigating the mortgage-backed securities that are the center of several mortgage litigation claims by private investors.
January 26 -
Lloyds Banking Group plans to sell a U.K. RMBS from its Arkle master issuer program, according to a Bloomberg report. Citigroup and JPMorgan Chase are managing the sale.
January 26 -
National Credit Union Administration (NCUA) this morning proposed new rules for troubled debt restructurings that will cover how all federally insured credit unions account for delinquencies, charge-offs and income related to troubled home mortgages and member business loans, as well as for how those loans are reported on NCUA's quarterly Call Reports.
January 26 -
Foreign banks continue to drive volume of RMBS litigation claims filed in New York state court. The latest claim is a $1.2 billion lawsuit against Morgan Stanley filed by German lender Bayerische Landesbank.
January 26
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JPMorgan Chase on Wednesday told a federal court in Wichita, Kansas that National Credit Union Administration’s (NCUA) negligence suit against top executives of WesCorp Federal Credit Union proves that it was the shortcomings of corporate executives – and not any misrepresentations by the Wall Street bank’s sales force in the sale of mortgage-backed securities – that caused the failure of WesCorp and three other corporate credit unions.
January 26 -
JPMorgan Chase CEO Jamie Dimon said President Obama's decision to expand investigations into home lending and sales of MBS could stop settlement talks with the states over foreclosure practices.
January 26 -
Cantor Fitzgerald has made key appointments for its high yield, investment grade and research groups as part of the build out of its global credit fixed-income platform and capabilities.
January 26 -
The Federal Reserve will not sell any of its massive holdings of agency MBS and Treasurys until 2015 as it strives to keep interest rates low, central bank officials said Wednesday afternoon.
January 25 -
President Obama's decision to create a new task force to investigate risky lending and securitization practices leading up to the financial crisis could complicate and delay a potential $25 billion settlement involving foreclosure and servicing abuses.Participants in the ongoing 'robo-signing' settlement negotiations recently signaled that they could be close to an agreement with the government.
January 25 -
The attorney General of Illinois Lisa Madigan sued McGraw Hill Cos., Standard & Poor's Financial Services and its business unit Standard & Poor's Ratings Services.
January 25 -
Private-label RMBS can experience a significant increase in losses in the coming months, according to a recent analysis by R&R Consulting.
January 25